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Exercise 10-11 Blossom Company issued $455,000, 15-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1,
Exercise 10-11 Blossom Company issued $455,000, 15-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Date Account Titles and Explanation Debit Credit Jan. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS Suppose the remaining Discount on Bonds Payable was $10,920 on December 31, 2022. Show the balance sheet presentation on this date. BLOSSOM COMPANY Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work
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